PRO RACE COMPOSITES: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PRO RACE COMPOSITES
Largest movements
- Cash -€18,553
down €18,553 (-95.8%), from €19,358 to €806
mainly Receivables within one year (-€17,334) and Trade debts (-€16,270)
- Receivables within one year +€17,334
up €17,334 (+148%), from €11,732 to €29,066
of which Trade receivables: +€12,273
- Trade debts -€16,270
down €16,270 (-72.6%), from €22,403 to €6,133
- Debts after one year +€10,970
new in 2025: €10,970
- Current portion of long-term debt +€7,782
new in 2025: €7,782
- Tax, wage and social debts -€3,395
down €3,395 (-37.9%), from €8,963 to €5,568
- Gross operating margin -€22,067
down €22,067 (-94.5%), from €23,346 to €1,279
- Depreciation -€5,614
no longer reported in 2025 (was €5,614)
- Taxes -€4,397
down €4,397, from €4,397 to -€0
- Other operating charges -€899
down €899 (-75.2%), from €1,195 to €296
- Financial charges +€572
up €572 (+1,490%), from €38 to €610
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,048 | €63,582 | -€1,466 | -2.3% |
| Fixed assets | 21/28 | €33,202 | €33,202 | = | 0.0% |
| Tangible fixed assets | 22/27 | €32,902 | €32,902 | = | 0.0% |
| Plant, machinery and equipment | 23 | €659 | €659 | = | 0.0% |
| Furniture and vehicles | 24 | €5,643 | €5,643 | = | 0.0% |
| Other tangible fixed assets | 26 | €26,600 | €26,600 | = | 0.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €31,846 | €30,380 | -€1,466 | -4.6% |
| Amounts receivable within one year | 40/41 | €11,732 | €29,066 | +€17,334 | +148% |
| Trade receivables | 40 | €11,043 | €23,316 | +€12,273 | +111% |
| Other amounts receivable | 41 | €689 | €5,750 | +€5,062 | +735% |
| Cash at bank and in hand | 54/58 | €19,358 | €806 | -€18,553 | -95.8% |
| Deferred charges and accrued income | 490/1 | €756 | €509 | -€247 | -32.7% |
| Total equity and liabilities | 10/49 | €65,048 | €63,582 | -€1,466 | -2.3% |
| Equity | 10/15 | €33,106 | €33,129 | +€23 | +0.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €11,270 | €11,270 | = | 0.0% |
| Distributable reserves | 133 | €11,270 | €11,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,836 | €17,859 | +€23 | +0.1% |
| Amounts payable | 17/49 | €31,941 | €30,452 | -€1,489 | -4.7% |
| Amounts payable after more than one year | 17 | - | €10,970 | +€10,970 | |
| Financial debts | 170/4 | - | €10,970 | +€10,970 | |
| Amounts payable within one year | 42/48 | €31,941 | €19,483 | -€12,459 | -39.0% |
| Current portion of amounts payable after more than one year | 42 | - | €7,782 | +€7,782 | |
| Trade debts | 44 | €22,403 | €6,133 | -€16,270 | -72.6% |
| Suppliers | 440/4 | €22,403 | €6,133 | -€16,270 | -72.6% |
| Taxes, remuneration and social security | 45 | €8,963 | €5,568 | -€3,395 | -37.9% |
| Taxes | 450/3 | €8,963 | €5,568 | -€3,395 | -37.9% |
| Other amounts payable | 47/48 | €576 | - | -€576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,614 | - | -€5,614 | |
| Other operating charges | 640/8 | €1,195 | €296 | -€899 | -75.2% |
| Non-recurring operating charges | 66A | €831 | €350 | -€481 | -57.9% |
| Gross operating margin | 9900 | €23,346 | €1,279 | -€22,067 | -94.5% |
| Operating profit (loss) | 9901 | €15,706 | €633 | -€15,073 | -96.0% |
| Financial charges | 65/66B | €38 | €610 | +€572 | +1,490% |
| Recurring financial charges | 65 | €38 | €610 | +€572 | +1,490% |
| Profit (loss) for the period before taxes | 9903 | €15,667 | €23 | -€15,644 | -99.9% |
| Income taxes | 67/77 | €4,397 | -€0 | -€4,397 | |
| Profit (loss) for the period | 9904 | €11,270 | €23 | -€11,247 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,270 | €23 | -€11,247 | -99.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.